Resolute Mining Fully Repays Ravenswood Vendor Promissory Note
Key points
- Full repayment of A$77 million received by 30 June 2026
- Payment includes outstanding principal and accrued interest
- Strengthens cash position and financial flexibility
Full summary
Resolute Mining Limited (ASX/LSE: RSG) has announced the full repayment of the Vendor Financing Promissory Note related to the sale of the Ravenswood Gold Mine. The company will receive A$77 million (approximately US$54 million) by 30 June 2026, representing the full repayment of the outstanding principal and accrued interest. This repayment is in addition to the A$50 million Gold Price Contingent Promissory Note received in 2024. The Upside Sharing Promissory Note linked to the investment outcomes of Ravenswood for EMR Capital remains unchanged. The repayment strengthens the company's cash position and provides additional financial flexibility.
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